CERP.L Regulatory News (CERP)

For Immediate Release

[2] October 2014

Leni Gas & Oil PLC

("LGO" or the "Company")

Drilling Update, Trinidad

LGO is pleased to announce that it has now spudded the sixth well, GY-669, in its 30 well re-development of the Goudron Field in Trinidad. Four wells will be drilled and completed from this drilling pad and resulting production will be on-stream by end 2014. The GY-669 well is currently drilling ahead in the Goudron Sandstone formation.

This drill site designated Pad-3 is located approximately 1,500 feet southeast from Pad-2 and 2,000 feet from Pad-1. Pad-3 will be used to drill a total of four new wells, three wells (GY-669, GY-670 and GY-671) are targeting the primary Gros Morne Sandstone reservoir that has proven to be prolific in the recent wells. Well GY-669 will also test the deeper Lower Cruse Sandstone that has recently been completed successfully in GY-667 with encouraging production results. The final well, GY-672, will be primarily a Goudron Sandstone well across a known fault to tap reserves in a previously successful, but under-drilled, portion of the field.

Well GY-669, being drilled with Well Services Rig-20, has an anticipated total depth of 3,925 feet measured depth at a location approximately 400 feet north of the surface location. Total net pay in the well is expected to be in the range 250 to 300 feet.

LGO also confirms that the new 2,000 barrel sales tank has now been completed and initial sales from it will be made shortly. With this extra tankage in place the production from the five recently completed wells; GY664 to GY-668, can be optimized and the clean-up of GY-666 and GY-668 will be concluded.

Neil Ritson, LGO's Chief Executive, commented:

"The drilling program continues to advance at an excellent pace and we can look forward to a further rise in field production. Work will also now commence on the additional infrastructure we will need to handle the increased volume of oil; including a further 700 barrels of bulk storage and a lease automated custody transfer meter to manage a larger volume of sales."

Competent Person's Statement:

The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Leni Gas & Oil Plc, who has over 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers (SPE), an Active Member of the American Association of Petroleum Geologists (AAPG) and is a Fellow of the Geological Society of London.

Enquiries:

Leni Gas & Oil plc

Beaumont Cornish Limited

Old Park Lane Capital Plc

Pelham Bell Pottinger

Glossary:

pay: A reservoir or portion of a reservoir formation that contains economically producible hydrocarbons. The overall interval in which pay sections occur is the gross pay; the portion of the gross pay that meets specific criteria such as minimum porosity, permeability and hydrocarbon saturation are termed net pay